Wind tunnel testing equipment is used for determining the performance of a vehicle or its components against air by finding the drag, lift, and other moments like pitch, yaw, and roll. The market considered in the report is the automotive wind tunnel testing equipment, which includes all the passenger cars and commercial vehicles for which aerodynamics testing is conducted. It also includes the wind tunnel facilities owned by the F1 teams.

Technavio’s analysts forecast the global automotive wind tunnel testing equipment market to decline at a CAGR of (16.64%) during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive wind tunnel testing equipment market for 2017-2021. To calculate the market size, the report considers the revenue from new facility construction and service provided to the OEMs.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Automotive Wind Tunnel Testing Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

HORIBA MIRA

Mitsubishi Heavy Industries

MAHLE GmbH

FKFS

Other prominent vendors

Glenn L. Martin

Windshear

Auto Research Center

RUAG

DNW

Aiolos

A2 Wind Tunnel

Fondmetal Technologies

Lexus

LTG

Toyota Motorsport

Market driver

Cost pressure faced by OEMs

For a full, detailed list, view our report

Market challenge

High cost of setting up wind tunnel test facility

For a full, detailed list, view our report

Market trend

Mobile aero-acoustic wind tunnel

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is mobile aero-acoustic wind tunnel. The cost of building an automotive wind tunnel is very high and the testing can be done only in the few places where the test facilities are present. There are many manufacturing facilities available but it is not possible to build a wind tunnel testing facility near every place. The cost involved in transporting the vehicles to the test facility is high, which increases the overall cost of research.”

According to the report, one driver in the market is cost pressure faced by OEMs. Auto OEMs face immense cost pressure because of the rapid changes in government regulations and increasing demand from consumers. The environmental concerns and safety standards are pressurizing the OEMs to adhere to the regulations without transferring the additional cost to the consumers. Controlling the emissions would increase the cost of the vehicle. For instance, the US CAFE standards, which became effective from 2016 have increased the manufacturing cost of a vehicle by $1,000.

Further, the report states that one challenge in the market is high cost of setting up wind tunnel test facility. Automotive wind tunnel testing equipment are considered capital-intensive. In addition to this, setting up a testing facility is all the more expensive. The capital intensity of the test equipment makes it unaffordable for many manufacturing units and testing centers, which are likely to challenge the growth of the market. The need for upgraded wind tunnel testing facility and the huge cost involved in setting up of the aerodynamic test facility hinders the growth of the market. Therefore, the expensive nature of the testing machine restrains the potential growth of the market.